Undisputed Source of Cash Deposits in Bank Account during Demonetization: ITAT deletes Income Tax Addition [Read Order]

Undisputed Source of Cash Deposits - Source of Cash Deposits - Bank Account - ITAT deletes Income Tax Addition - ITAT - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that there is no vacillation to hold that the source of the cash deposited in the bank account has been undisputedly proved, hence deleted the addition made by the Assessing Officer (AO). The Assessee and spouse are regular income tax assessees. Both had been running…

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